How did HCTI's revenue and expenses shift in Q4 2024 compared to previous quarters?

Healthcare Triangle (HCTI) experienced a decrease in both total revenue and total expenses in Q4 2024 compared to the previous quarter, Q3 2024:

1. Revenue Shift: The total revenue for HCTI in Q4 2024 was $2.19 million, which is a decrease from the $2.41 million recorded in Q3 2024. This indicates a downward trend in revenue over the past three quarters, with the peak at $4.11 million in Q2 2024 and a subsequent decline.
2. Expense Shift: Similarly, the total expenses for HCTI in Q4 2024 were $4.11 million, down from $2.98 million in Q3 2024. This suggests a reduction in operational costs over the same period, with the lowest expenses recorded at $2.19 million in Q1 2024 and an increase to $2.98 million in Q3 2024 before decreasing again in Q4 2024.

The decline in both revenue and expenses in Q4 2024 compared to Q3 2024 could be indicative of strategic cost management measures or operational adjustments by the company in response to changing market conditions or internal challenges.